Guideline Value for Royal Star

Royal Star guideline value

The current guideline value of Royal Star, located in Soorapattu village under the Ambattur SRO, is Rs 2,201 per sq.ft, effective from 1 July 2024. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Royal Star has changed

In the 2023 revision, the guideline value for Royal Star was Rs 2,010 per sq.ft. This marked an increase of 10% from the previous year. The register has no figure for this street in the revisions from 2017, 2012, 2007, 2003, and 2002.

With the latest 2024 revision, the guideline value has risen to Rs 2,201 per sq.ft. This reflects a consistent upward adjustment in the value assigned to this street.

Guideline values in Soorapattu

In Soorapattu, 115 streets under the Ambattur SRO have a 2024 guideline value ranging from Rs 1,100 to Rs 5,100 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value of Royal Star is above this median.

• Royal city: Rs 1,400 per sq.ft (2024)
• Ratchagan Street: Rs 1,100 per sq.ft (2024)
• Samuga Koodam Street: Rs 1,200 per sq.ft (2024)
• Raj Nagar: Rs 1,700 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 1,100 per sq.ft (2024)
• School Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Royal Star

For a 1,000 sq.ft plot at the current guideline value of Rs 2,201 per sq.ft, the total guideline value would be Rs 22,01,000. The stamp duty at 7% would amount to Rs 1,54,070, and the registration fee at 2% would be Rs 44,020. Together, the total cost for stamp duty and registration would be Rs 1,98,090. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Royal Star?

The Royal Star property falls under the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Soorapattu

The guideline value is a crucial factor when registering property transactions in Soorapattu. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When purchasing or selling property, the guideline value serves as a reference point for both buyers and sellers. It is essential for buyers to be aware of the guideline value to understand the financial implications of the transaction, including the costs associated with registration.

Frequently asked questions

What is the current guideline value of Royal Star?

The current guideline value of Royal Star is Rs 2,201 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 2,010 per sq.ft in 2023 to Rs 2,201 per sq.ft in 2024, reflecting a 10% increase. The register has no figures for Royal Star in the revisions from 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Royal Star?

The land classification for Royal Star is Commercial Class I Type - I, indicating its designated use for commercial activities.

Where can I find the Ambattur Sub Registrar Office?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for property in Royal Star?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 1,54,070.